Buildings Census: Building Management

Office Buildings*: 142 million square feet. Shopping Centers*: 45 million square feet. Other Commercial (facilities management for office, industrial, and retail)*: 244 million square feet. Industrial Buildings*: 181 million square feet. Number of Professionals involved full-time in facilities*: 6,500. Company delivers three core services – management, transaction, and development and project management – to corporate and institutional customers. Company reorganized its business, effective January 2001, into Global Services and Development and Investment.

With the collective resources of more than 8,000 people in over 200 offices in 30 countries, Grubb & Ellis’ total portfolio of space managed for outside clients is 142 million square feet, based on published information.

This international organization of real estate industry leaders in key markets in over 20 countries serves more than 70 markets. The organization comprises 2,600 real estate professionals. In its last report, GVA Worldwide partners collectively completed $8 billion transactions and managed more than 140 million square feet of office, industrial, retail, and specialized property.

According to information published on its website, the organization presently manages and/or leases 52 million square feet of retail space; 40 million square feet of office space; and 12 million square feet of industrial space nationwide. Expansion programs, disposition of surplus locations, market entry strategies, exit negotiations, and acquisition programs are part of the company offering.

Pinnacle oversees a portfolio valued at $4.3 billion that includes 16.7 million square feet of commercial space and approximately 100,000 apartment units (80 million square feet based on Buildings’ estimates of 800 square feet/unit). Employing more than 3,100 people, Pinnacle operates from four regional offices and more than 35 branch offices across the United States and Western Canada.

With 23 full-service offices across the United States, Transwestern manages close to 100 million square feet in 650 properties. Approximately 160 Office Buildings and 15 Shopping Centers*: 64 million square feet. Approximately 75 Industrial Buildings*: 30 million square feet.

Employing a highly skilled professional staff of over 300 people as property managers, leasing agents, bookkeepers, administrative, and maintenance staff, Sentry currently manages over 600 condominiums and homeowner associations, comprising over 100,000 homes (80 million square feet based on Buildings’ estimates of 800 square foot/unit).

Company currently owns or has an interest in 594 office, industrial, retail, and service center properties, encompassing approximately 47 million square feet, including 18 development projects of approximately 1.8 million square feet. The company also controls nearly 1,500 acres of land for future development.

As of March 31, 2002, the company’s website reported 46.69 million square feet of gross leasable area in its retail portfolio. Of this, 304 are community and neighborhood shopping centers, six are factory outlet centers, 37 are single-tenant properties, five are enclosed malls and specialty retail properties, and nine are miscellaneous properties.

Recognized as a West Coast leader in real estate management services, Charles Dunn Co. has earned a reputation for management excellence from a client base of individuals, investors, financial institutions, and public agencies. According to the company website, the company manages over 30 million square feet of office, industrial, retail, residential, and mixed-use properties for third-party clients.

Including two properties currently under development, Arden’s total portfolio consists of 135 properties and approximately 18.8 million rentable square feet of space. 131 office buildings total 18.1 million square feet and two industrial buildings total 170,440 square feet.

Formerly known as Williams Real Estate Company Inc., GVA Williams now manages a portfolio of over 15 million rentable square feet for both individual and corporate clients. Property Management services include operation and maintenance, property accounting, financial forecasting and budgeting, and customized financial reporting.

Company website reports the company has experience in all types, sizes, and values of properties, including office, industrial, land, and multi-family. Its portfolio consists of more than 7.6 million square feet valued in excess of $694 million. Norris Beggs & Simpson reports it has more than 200 employees.

Build-to-suit, joint-venture development, and fee development are just a few of the offerings of this firm. Over 6 million square feet of assets have been developed or acquired since 1978 (valued at $1 billion).

Flournoy Properties currently manages over 7,500 units located in nine states and 27 cities throughout the Southeastern and Midwestern United States. Based on Buildings’ estimates of 800 square feet/unit, the company’s total estimated portfolio is 6 million square feet.

* Indicates statistics received from company, based on Buildings’ Who’s Who questionnaire. In cases where information was not supplied in response to Buildings’ Who’s Who questionnaire, information was derived from public information: 10K reports; websites, both by specific company and industry related; and other published materials.

Although every attempt has been made to ensure accuracy, Buildings cannot guarantee the company information and statistics presented throughout this “Who’s Who in the Buildings Market 2002” report.